(Reuters) - Cable maker Belden Inc said it bought privately held PPC , which makes connectors used in broadband and wireless services, for $515.7 million to strengthen its position in the broadcast industry .
Belden, which makes networking products for the broadcast and consumer electronics industries, has been buying connector companies that complement its cable offerings in these markets as it moves away from selling stand-alone cables.
The company bought Canadian Miranda Technologies Inc , a maker of cable-TV and networking products , for about $362 million in July.
Belden's shares have gained more than a quarter since it offered to buy smaller rival RuggedCom Inc in December 2011 to beef up its networking business. They closed at $39.70 on the New York Stock Exchange on Monday.
RuggedCom was eventually bought by Siemens earlier this year.
Syracuse, New York-based PPC a division of John Mezzalingua Associates Inc had revenue of about $238 million in 2012.
Belden said it expects the deal to add 54 cents per share to its 2013 earnings.
(Reporting by Sagarika Jaisinghani in Bangalore; Editing by Supriya Kurane and Joyjeet Das)
Blog List
-
Kaley Cuoco Shows Off Fit Physique In Skin-Revealing Yoga Outfit - By Suzy Byrne Kaley Cuoco leaving yoga class in L.A. on Monday. (X17online.com)Kaley Cuoco gave new meaning to hot yoga on Monday when she emerged from cla...
10 years ago
Popular Posts
-
Even if you're not living your best life you can make it look like you are on Facebook, and just glimpsing this idealized version of you...
-
COLUMBIA, S.C. (AP) South Carolina's governor appears to have closed the door on appointing Stephen Colbert to the U.S. Senate, al...
-
BlackBerry 10 One of the main concerns surrounding Research in Motion s ( RIMM ) upcoming BlackBerry 10 operating system ...
-
You could call it The First Wives Club Comes to Washington. CNN reported Tuesday that South Carolina Gov. Nikki Haley (R) has finalize...
-
Motorola The United States International Trade Commission on Tuesday ruled in favor of Apple ( AAPL ) in its ongoing legal ...
-
REDLANDS, Calif. (AP) After spending nearly a half-century as husband and wife, Bob and Norma Clark are finally married. The couple from Red...
-
The latest company to launch into the asteroid-mining business isn't worried about competition from its biggest rival, saying that the r...
-
LONDON (Reuters) - British Oscar-winning actress Kate Winslet has married for the third time, her publicist confirmed on Thursday. The 37-...
-
BlackBerry 10 After insisting that BlackBerry ( BBRY ) shares would rebound throughout 2011 and 2012 as the stock plummeted, Macquarie Capi...
-
TORONTO (AP) Canadian immigration officials have denied U.S. actor Randy Quaid's request for permanent resident status in Canada. A Cana...
